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Gift Cards Market is expected to witness 11.5% CAGR between 2020-2028 - Global Industry Size, Share, Growth, Market Analysis and Forecast | Sheer Analytics and Insights
Published : August 2020

According to a new market research report published by sheer analytics and insights, “The Global Gift Cards Market will grow at 11.5% CAGR from 2020 to 2028”, as per the latest market research report titled Global Gift Cards Market (By Card Type - Open Loop Gift Card, and Closed Loop Gift Card. By Distribution Channel - Online Retail, Supermarkets and hypermarkets, Corporates, Financial institutions, Restaurant and hotels, Specialty Stores and others (airports, colleges, and many more). By offers – Hospitality, App subscriptions, Entertainment, online shopping, discount shopping and others. By Geography - North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)– Global industry analysis, size, share, growth, trends, and forecast, 2020-2028.

A gift card is known as a value card that is utilized as an alternate source of money for buying products and services at any particular retail or online store. It is also known as a gift voucher, gift certificate, gift token, and others. These gift vouchers are generally issued by a retailer or bank as a promotional strategy to attract a new customer base, increase brand awareness, and increase sales. The rising use of e-commerce, digital payment system facilitates consumers to manage, track, and redeem these gifts or voucher card. However, numerous types of fees associated with card transaction and lack of security measures for online transactions are some of the market restraining factors affecting the market in the forecast period. Apart from this, the rapid rise in demand for Gift cards from emerging economies is projected to offer a lucrative opportunity for the market growth in the forecast timeline from 2020 to 2028.

Geographically, The Gift Cards Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.   

The primary key players in the Gift Cards Market include Amazon.com, Inc., Walmart, Inc, American Express, Blackhawk Network Holdings, Inc., First Data Corporation, Fiserv, Inc., Givex Corporation, InComm Inc., NGC US, LLC, Qwikcilver Solutions Pvt Ltd., and Paytronix Systems, Inc.

The Global Gift Cards Market Has Been Segmented into:

Global Gift Cards Market: By Card Type

  • Open loop gift card
  • Closed loop gift card

Global Gift Cards Market: By Distribution Channel

  • Online retail
  • Supermarkets and hypermarkets
  • Corporates
  • BFSI
  • Restaurant and hotels
  • Specialty stores
  • Others (airports, colleges, and many more)

Global Gift Cards Market: By Offers

  • Hospitality
  • App subscriptions
  • Entertainment
  • Online shopping
  • Discount shopping
  • Others

Global Gift Cards Market: By Region

  • North America
    • USA
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America, Middle East & Africa
    • Brazil
    • South Africa
    • UAE
    • Rest of LAMEA

 


 

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